Graviss Hospitality has received approval for the purchase of 100% Equity Shares of Graviss Restaurants. Graviss Restaurants shall become the wholly owned subsidiary of the Company pursuant to the aforesaid investment. The company plans to expand its business operations into the Restaurants and Hotel Business through this acquisition. The Board of Directors of the company at their meeting held on February 14, 2024, has approved the same.
Graviss Hospitality is engaged in the hospitality business having one hotel in the name of Inter-Continental at Marine Drive Mumbai.
